Research has shown that asset allocation i.e, how you allocate across stocks, bonds and other asset classes, matters more than what securities you select, in terms of determining investor’s risk adjusted returns. But here’s a half century old theory by a Nobel prize winning economist – Robert C.Merton (of Black-Scholes-Merton and Long Term Capital Management […]
India started building the Tejas light combat aircraft more than 40 years ago. In 2025, the Government of India is hoping that the America under Trump will agree to supply’s GE’s engines for Tejas. In the meantime, China has launched its sixth generation of stealth fighters. As Yusuf Unjhawala explains for The Print: “China has […]
Global markets have been on a tear since the US Presidential elections in early November but none as spectacular as the cryptocurrencies. In particular, Bitcoin soared over 50% in a little over month since the elections. For some of us wondering what’s the link between Trump and cryptos: ““My vision is for an America that […]
This long read in The Guardian is an extract from ‘This Is Your Mind on Plants: Opium-Caffeine-Mescaline’ by Michael Pollan. The article begins by stating the obvious – that “caffeine makes us more energetic, efficient & faster” – and then goes on to explain how caffeine hurts our mind & body. First the good stuff. […]
As the memories of the bloody conflicts of the 20th century fade away, we have entered a new age of rage in which demagogues further their careers by committing their countries to long & bloody conflicts. These conflicts in turn are going to force most us to take a side. And then we will have […]
India’s former Prime Minister, Dr Manmohan Singh (1932 – 2024) – who was also a former Finance Minister, a former RBI Governor, a former professor at the Delhi School of Economics – passed away last week. Those of us who lived through the unforgettable summer of 1991 – when PV Narasimha Rao and Manmohan Singh […]
India is going through one of the strongest financialisation of savings trends the world has seen, thanks to rising awareness about financial assets beyond the traditional physical assets like real estate and gold and the ubiquity of mobile apps making it easy to transact. Yet, most of us don’t discuss our finances openly, especially with […]
The Nordic countries of Norway, Sweden, Denmark and Finland are admired for having pulled off an improbable balance of a welfare state and a market economy. Even more remarkable is how companies from these tiny countries punch way above their weight and dominate their respective industries at a global scale. “Lego is the planet’s biggest […]
Donald Trump’s win in the recent American presidential elections involved a considerable shift in support base from the opposite side, most notably Silicon Valley entrepreneurs and investors. And this coalition of supporters is beginning to see conflict of interest. Most notably on the issue of immigration on which Trump and his right-wing supporters have been […]
From hit movies made by Indian women about Indian women, we move on to celebrate the late Shyam Benegal (1934-2024) whose movies were amongst the first in Hindi cinema to give women agency and to give them – rather than male actors – centrestage. Growing up in India through the 1970s and 1980s meant being […]
India is undergoing a pivotal shift wherein women are pulling ahead of men in many different spheres of life. In Chapter 4 of our bestselling book “Behold the Leviathan: the Unusual Rise of Modern India” we have given our take on the ascendancy of Indian women (see here). As always, cinema is a reliable barometer […]
In a year in which, over 80% of India’s latest crop of graduates failed to get jobs, we find that university education in India neither increases the probability of employment nor gives an uplift to earnings. These challenges are being exacerbated by the rise of AI & automation. Specifically, the skills necessary to thrive in […]
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